Lihir Gold
Encyclopedia
Lihir Gold Limited was a gold mining
company with operations in Papua New Guinea
, Australia
and West Africa
.
The company, incorporated in Papua New Guinea in June 1995, and named Lihir
as its first project was to raise capital to build the Lihir Island
gold mine was merged with Newcrest Mining at the end of August 2010 (last day for trading of Lihir Gold shares was August 30, 2010).
Merger talks were first made known in April 2010, with an announcement by Newcrest Mining
. On Monday August 23, 2010 the A$9.5 billion takeover offer by Newcrest Mining was approved after 99.86% of Lihir Gold Shareholders voted in favour of it. The takeover received national court of Papua New Guinea approval on August 28, 2010.
The acquisition made Newcrest Mining the worlds fifth-largest gold producer with a production of 2.8 million ounces of gold (2009 combined production of the 2 companies).
Gold mining
Gold mining is the removal of gold from the ground. There are several techniques and processes by which gold may be extracted from the earth.-History:...
company with operations in Papua New Guinea
Papua New Guinea
Papua New Guinea , officially the Independent State of Papua New Guinea, is a country in Oceania, occupying the eastern half of the island of New Guinea and numerous offshore islands...
, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
and West Africa
West Africa
West Africa or Western Africa is the westernmost region of the African continent. Geopolitically, the UN definition of Western Africa includes the following 16 countries and an area of approximately 5 million square km:-Flags of West Africa:...
.
The company, incorporated in Papua New Guinea in June 1995, and named Lihir
Lihir
Lihir can refer to:* Lihir Group, an island group in Papua New Guinea* Lihir Island, the main island in the group* Lihir language, an Austronesian language spoken in the Lihir island group* Lihir Gold Ltd., gold mining company...
as its first project was to raise capital to build the Lihir Island
Lihir Island
Lihir Island is the largest island in the Lihir group of islands, 22 km long and 14.5 km wide, in Papua New Guinea's New Ireland Province. It consists of a complex of several overlapping basaltic stratovolcanoes rising 700m above sea level. While the volcanoes are not currently active,...
gold mine was merged with Newcrest Mining at the end of August 2010 (last day for trading of Lihir Gold shares was August 30, 2010).
Merger talks were first made known in April 2010, with an announcement by Newcrest Mining
Newcrest Mining
Newcrest Mining Limited engages in the exploration, development, mining and sale of gold and gold-copper concentrate. Newcrest is an Australian based Company which initially incorporated in Victoria in 1980. Today it has become Australia’s leading gold mining company...
. On Monday August 23, 2010 the A$9.5 billion takeover offer by Newcrest Mining was approved after 99.86% of Lihir Gold Shareholders voted in favour of it. The takeover received national court of Papua New Guinea approval on August 28, 2010.
The acquisition made Newcrest Mining the worlds fifth-largest gold producer with a production of 2.8 million ounces of gold (2009 combined production of the 2 companies).